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I visited a luxury “micro-apartment” in NYC where residents can save up to 20% on rent – liked the fancy amenities, but the rollaway bed was a bit off

Hannah Towey / Insider

  • A luxury skyscraper has more than 400 “micro-suites” with rent ranging from $1,300 to $2,675 per month.

  • Residents have access to 27,000 square feet of amenities, including coworking spaces and an indoor pool.

  • Tiny bedrooms convert to living space with mattresses that tuck into the wall.

As New York City rents continue to rise, an apartment building in Queens has reinvented the infamous shoebox-sized apartments into luxury “micro-suites.”

Pepsi-Cola at Gantry Plaza State Park in Long Island City on March 23, 2015 in New York City.

Pepsi-Cola at Gantry Plaza State Park in Long Island City on March 23, 2015 in New York City.Ben Hider/Getty Images

The 44-story Alta Building is one of many skyscrapers that have sprung up in Long Island City in recent years, many of which are still under construction.

Alta by municipality

Hannah Towey / Insider

Floors 2 through 16 of the building are managed by “Common”, a company that manages shared apartments in nine cities across the United States.

Alta by municipality

Hannah Towey / Insider

While the rooms themselves are tiny, the building has 27,000 square feet of shared amenity space — from coworking lounges to multiple rooftop terraces.

Alta by municipality

Hannah Towey / Insider

I toured the facilities to check out the appeal of the co-living trend and see why these unique apartments have a 95% occupancy rate, according to the company.

Alta by municipality

Hannah Towey / Insider

The unit I visited had 3 bedrooms, 2 bathrooms and a shared kitchen, a layout it shares with 80 of the 165 units. This floor plan is currently listed between $2,156 and $2,200 per bedroom.

Alta by Common Floor Plan

Alta by Common Floor PlanCommon

Residents can apply for individual or group rooms for the entire apartment. The kitchen is the only shared space in the apartment beyond the bathroom.

Alta by municipality

Hannah Towey / Insider

A monthly fee of $80 covers essential household items, including paper towels, toilet paper, and sponges.

Alta by municipality

Hannah Towey / Insider

Two of the three bedrooms were about the same size, but the first had room for a small office.

Alta by municipality

Hannah Towey / Insider

The focal point of the micro-suites are modular Murphy beds that fold out from the wall.

Alta by Common Alta by Common

Hannah Towey / Insider

In the second room, I took the pillows off the couch and tried to set up the bed. With some difficulty, I was able to manually pull the bed out to rest on the futon, then locked it in place.

Alta by municipality

Hannah Towey / Insider

A small headboard appears at the end of the bed, closest to the window.

Alta by municipality

Hannah Towey / Insider

Storage space in the smallest of the three bedrooms was minimal.

Alta by municipality

Hannah Towey / Insider

But the largest – and most expensive – bedroom had two spacious closets and several shelves.

Alta by municipality

Hannah Towey / Insider

The cheapest micro-suite currently available on Common’s website is listed at $1,664 per month for a 97-square-foot room.

Alta by municipality

Hannah Towey / Insider

Source: Alta by municipality

Comparatively, the estimated rent for a bedroom in a 3-bedroom apartment in the neighborhood was $2,484 in November according to Zillow.

Alta by municipality

Hannah Towey / Insider

Source: Zillow

One of the main differences between these apartments and a traditional lease is that residents are only responsible for renting their own room, not the apartment as a whole. So if your roommate can’t pay or decides to leave, that’s not your problem.

Alta by municipality

Hannah Towey / Insider

But their main selling point is undoubtedly the conveniences. My favorite was this sunny rooftop lounge on the forty-third floor.

Alta by municipality

Hannah Towey / Insider

It’s one of many shared spaces throughout the building with tables and desks for remote working.

Alta by municipality

Hannah Towey / Insider

There is also a catering kitchen that residents can reserve for events.

Alta by municipality

Hannah Towey / Insider

All residents of the shared apartments have access to an application to facilitate meetings between neighbors and organize social gatherings.

Alta by municipality

Hannah Towey / Insider

For the concrete jungle, the building had plenty of outdoor space – the most notable being this rooftop cinema.

Alta by municipality

Hannah Towey / Insider

The trade-off between personal space, like an apartment dining room, and shared space, like an outdoor grilling area, may not work for everyone, but it’s an intriguing concept for living together. .

Alta by municipality

Hannah Towey / Insider

Common’s cohousing homes are most popular among people moving to a new city for the first time. At the company’s 22 properties in New York, 43% of residents are new to the city and 32% are foreign born.

Alta by municipality

Hannah Towey / Insider

With extensive workout facilities including a gym and yoga room, residents don’t have to break the bank with expensive gym memberships.

Alta by municipality

Hannah Towey / Insider

The indoor pool was the building’s most unique amenity, with huge windows letting in tons of natural light.

Alta by municipality

Hannah Towey / Insider

In a city where finding an affordable apartment (and roommates) is difficult to say the least, condo houses are being touted as an attractive alternative to Craigslist and Facebook.

Alta by municipality

A coworking space at the Alta site in Long Island City.Hannah Towey / Insider

“Our goal at Common is to keep the good things about living with roommates,” Brad Hargreaves, the founder of Common, told Insider in 2018. many of the annoyances of living together that we can possibly control.”

Alta by municipality

Hannah Towey / Insider

Source: Initiated (2018)

Read the original article at Business Intern

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